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Risk Management

Threat Modeling

A structured approach to identifying, categorizing, and prioritizing potential security threats to a system or application by systematically analyzing its architecture, data flows, and trust boundaries to determine where vulnerabilities might be exploited.

Threat modeling is a proactive security practice that helps organizations identify potential threats and vulnerabilities before they are exploited. The process involves decomposing a system into its components, identifying the assets worth protecting, mapping data flows and trust boundaries, identifying potential threats (who might attack, how, and why), and prioritizing those threats based on their likelihood and potential impact. Common methodologies include STRIDE (Spoofing, Tampering, Repudiation, Information Disclosure, Denial of Service, Elevation of Privilege), PASTA (Process for Attack Simulation and Threat Analysis), and attack trees.

Threat modeling supports compliance objectives across multiple frameworks. ISO 27001 Clause 6.1.2 requires organizations to identify information security risks, considering threats and vulnerabilities — threat modeling provides a systematic methodology for doing so. SOC 2's risk assessment requirements are enhanced when organizations can demonstrate a structured approach to identifying threats relevant to their trust services criteria. NIS2 requires essential entities to adopt risk-based cybersecurity measures, and threat modeling helps ensure that those measures address the most relevant threats. In technology due diligence, evidence of threat modeling demonstrates that an organization proactively considers security rather than simply reacting to incidents.

Threat modeling is most effective when integrated into the software development lifecycle. Ideally, it is performed during the design phase of new features or systems, revisited when significant architectural changes occur, and updated as the threat landscape evolves. Development teams should be trained to perform basic threat modeling, with security specialists involved for high-risk or complex systems. The output of a threat modeling exercise — an enumerated list of threats with risk ratings and recommended mitigations — feeds directly into security requirements, architecture decisions, and the risk register. Organizations should maintain threat models as living documents, reviewing and updating them regularly as systems evolve and new threats emerge.

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